Used-vehicle inventory is not just getting tighter. It’s getting older. Cox Automotive data presented during this week’s Q2 Manheim Used Vehicle Value Index call shows the significant impact the COVID pandemic has made on the current supply. The average age of vehicles sold at Manheim auctions is now 6.7 years. That’s up 24% from the […] [Read More]

CARFAX’s relationship with General Motors has grown. The company said CARFAX Lifetime dealers will now receive new-car ad placements on CARFAX Reports, CARFAX Car Listings, and CARFAX Car Care to qualify for GM’s In-Market Retail Turnkey program. The extended collaboration allows GM dealers with CARFAX Lifetime status to access new levels of advertising support, backed […] [Read More]

Paul Antony, who has led AutoCanada for the past seven years, informed the board of directors he will transition out of his role as executive chairman, the dealership group announced. In a news release distributed Friday morning, the company said it has begun a search for a new chief executive officer. When the CEO is […] [Read More]

A session at Canada’s Used Car Week featured a mix of automaker and dealership executives, who examined Canada’s certified pre-owned vehicle market, how CPO sales are faring, OEM-dealer partnerships, challenges and opportunities in CPO, vehicle supply dynamics and more. Cherokee Media Group’s Joe Overby led a conversation with these executives that’s now available via this […] [Read More]

One of the highlights of Canada’s Used Car Week was a stage full of top executives from the wholesale market. Cherokee Media Group’s Joe Overby led a conversation with these executives, who discussed macroeconomic, technological and market factors impacting their operations, along with the success strategies they’ve adopted to thrive in this changing landscape. The […] [Read More]

Both summertime temperatures and the Dealertrack Credit Availability Index are on upward trajectories. Cox Automotive reported on Thursday that the June index reflected a second consecutive month of improved credit access, rising to 97.3. That’s up from 96.5 in May. Jonathan Gregory, a senior manager on Cox Automotive’s economic and industry insights team, explained that […] [Read More]

National Lenders General Agency has expanded its portfolio of dealership products. This week, the provider of collateral protection insurance (CPI) for independent dealers launched a full suite of retail F&I products designed to enhance profitability, customer satisfaction, and dealership performance. Building on its success with CPI and limited warranty programs, National Lenders now offers a […] [Read More]

RB Global is enhancing its worldwide presence again via IAA. The company announced on Thursday that IAA has launched a new market alliance with CarGo Logistic Azerbaijan. According to a news release, CarGo Logistic Azerbaijan will operate an IAA Auction Center, where its team will provide local services and assistance to buyers seeking to browse, […] [Read More]

An MRI is a valuable medical examination to determine the extent of injuries and other ailments. UVeye is about to bring “MRI for vehicles” via a new offering that can generate 360-degree car photos for appraisals and listings. On Thursday, the provider of artificial intelligence-powered vehicle inspection technology announced the launch of UV360, a new […] [Read More]

Once the industry cleared the Fourth of July, buy-sell activity involving dealerships exploded like fireworks with Haig Partners and Performance Brokerage Services announcing transactions involving 13 stores in three states. Beginning with Haig Partners, the firm served as the exclusive sell-side advisor to Tom Dinsdale Automotive in the sale of its three dealerships to The […] [Read More]